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consciously capped to protect our larger competitors No -- is says whichever is greater, not smaller. So it's capped at $10M unless your GGR is more than $166M
by tremon 3y ago
consciously capped to protect our larger competitors
No -- is says whichever is greater, not smaller. So it's capped at $10M unless your GGR is more than $166M, then the cap is higher.
- neilv 3y ago> No -- is says whichever is greater, not smaller. So it's capped at $10M unless your GGR is more than $166M, then the cap is higher. I don't understand the correction. Here's my groggy Monday morning thinking... If they only said the cap was 6%, without the $10M part, then a small startup could probably survive that. But by making it the greater of 6% or $10M, that can kill small startups, but remain capped to protect large companies. Unless small startups are exempt?
- tremon 3y agoAh, I see your point. Can't comment on the sanity of the Canadian judicial system, but do keep in mind that they're talking about maximum fines, not minimum. There's nothing to suggest that small startups would receive a company-ending fine here.
- neilv 3y agoDisregarding the 6% cap, there's nothing to suggest that a large company would receive a company-ending fine here, yet they still get a cap codified in law. This doesn't seem to fit my layperson's understanding of the spirit of (US) equal protection.